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TRADE AND FINANCE
tub cotton market excited
AND OX A BIG BOOM.
FUTURES 22 POINTS UP.
LARGE SALES OF SPOT COTTON IN
THE SAVANNAH MARKET.
Liverpool Leads With n Jump of 13
to 1 t Points, Closing: Strong—New
lurk Adtanrei Nearly 30 Points,
lint Hearts Slightly—Netv Orleans
l.'i to 30 Points Higher—Savannah
Spot Advanced 1-S— Bulls Conti
nent of Higher Prices—New York
Stock Market Lower—Grain firm.
Provisions Still Advancing—Naval
Stores Firm liut I nrliungeil—Local
and Miscellaneous Mnrkets.
The Morning News Office,
Thursday, Feb. 26, 1903.
The bulls in the cotton market were
in high feather to-day. An early ad
vance of some 8 to 9 points i.i the
Liverpool caused the American mar
kets to gain about 10 points at the
opening. Later, Liverpool further ad
vanced 3 or 4 points, and May in New
York was put up to 10c, chiefly, It is
reported, on bidding by what is call
ed the Boston crowd. After a little
reaction the market again became
strong, and prices moved up rapidly
until May reached, 10.09 c; March
touched, 10.10 c. and July, 9.90 c. This
represented an advance for the day of
27®28 points, but near the close sales
to realize caused a slight reaction,
final prices showing a gfiin of about
22 points for the active months. In
New Orleans the market closed about
15 points higher. The market was ac
tive ail day, the New York sales being
estimated at about 600,000 bales.
Besides the strength of Liverpool
the bulls were supported by bullish
statistics. Port receipts for the day
were 7,000 bales less than last year,
and the estimates for to-morrow pro
portionately smaller. New Orleans ex
pects, 7,500 against 12,400: Houston,
3,080, against, 6,000; Galveston, 5,500,
against, 8.200.
The bulls are jubilant, and are talk
ing confidently of 11 cents. They do
not see what is yet to check the up
ward trend of prices as long as the
movement continues to point to a to
tal crop of not over 10,750.000 bales,
when consumption is proceeding merri
ly to the tune of 11,000,000 to 11,250,000.
The local market was strong at an
advance at 1 p. m„ of %c on all
grades. Some large lines were sold,
the total transactions being the largest
in a considerable time. The unsold
stock here now is very much reduced,
probably not over 4,000 bales of up
lands, and it is stiffly held.
The New York stock market was
lower except for a few specialties, most
of the active railroad and Industrial
shares closed from 1 to 2 points lower.
Grain markets were firmer, still led
by corn which closed about %e higher.
Provisions continued strong, with high
er prices for meats.
Naval stores were firm, but without
quotable change in prices, Sales of
turpentine were light, but there was a
good inquiry for rosins.
There were some important changes
in the miscellaneous local markets,
more especially in groceries etc., to
which attention is directed. -
Details in full are given below.
COTTON.
The market for spot cotton was firm
all day, with a quoted advance of %e
on all grades. A heavy business was
done, some large lines changing hands,
the total sales reaching nearly 3,500
bales. Holders are very much encour
aged by the strength of the controlling
markets, and are generally disposed
now to demand still higher figures.
Some business was done f. o. b. at %c
advance, and the interior is now of
fering sparingly at about 10 5-16 c for
good middling.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day;
■ i This | Last
I day. I year.
Good middling 110*4 jS%
Middling 19% |B%
Low middling |9% |7%
Good ordinary !8% |7 7-16
Market firm; sales. 3.473.
Receipts. Exports and Stocks—
Receipts this day 3,986
Last year 2,688
Year before last 3,782
Receipts since Sept. 1, 1902... .1,145,742
Receipts same time last year 995.812
Stocks—
Stock to-day 83,709
Stock last year 47,307
Receipts and Stocks at All Ports—
Receipts this day 17.455
This day last year 34,250
This day year before last 24,767
So far this week 115,700
Last year 125,612
Tear before last 107,203
Receipts since Sept. 1, 1902... .6,539,057
Since Sept. 1 last year 6,392,900
Stock at all ports to-day ...... 828,929
Stock same day last year 756,104
Daily Cotton Market —
Galveston —Strong; middling 9 15-16 c;
net receipts, 5,193; gross, 5,193; sales,
2.123; stock, 212,278. Exports—Coast
wise, 5,934.
Norfolk—Firm; middling 9 15-16 c;
net receipts, 1,557; gross, 1,557; sales,
1.254; stock. 31,719. Exports—Coast
wise. 1,807.
Baltimore—Nominal; middling 10%c;
gross receipts, 382; stock, 5,642.
Boston—Steady: middling 10.25 c; net
receipts, 1,752; gross, 3,469.
Wilmington—Firm; middling 9%c;
net receipts, 310; gross, 310; stock, 11,-
548.
Philadelphia—Firm; middling 10.50 c;
stock, 5,983.
Savannah—Firm; middling 9*c; net
receipts, 3,986; gross, 3,986; sales, 2,-
576; stock, 83,709. Exports—Coastwise,
250.
New Orleans—Firm; middling 9%c:
net receipts, 3,226; gross, 3.226; sales,
10,300; stock, 312,593. Exports—Conti
nent, 3.300.
Mobile—Firm; middling 9%c: net re
ceipts. 35: gros3, 35; stock, 14,090.
•Memphis—Firm: middling 9%c; net
receipts, 1,444; gross, 2,641; sales, 7,-
300; stock, 62,154.
•Augusta—Steady; middling 10%c;
net receipts. 633; gross, 633; sales, 226;
stock, 34,417.
Charleston—Firm; middling 9*o;
net receipts, 96; gross, 96: stock, 10,-
544. 5 44. Exports—Coastwise, 300.
••Cincinnati—Steady; middling 9*c;
ret receipt*. 550; gross. 550; stock, 10,-
750.
•Louisville—Firm; middling 9%c.
•St. Louis—Firm; middling 9 11-16 c;
net receipts, 50; gross, 3,870; sales, 951;
'•took, 27,453.
'Houston—steady; middling 10c; net
leceipte, 2,896; gross, 2,896; sales, 1,0/9;
stock, 36,150.
New York—Quiet; middling 10.25 c;
gross receipts, 4,964; sales, 356; stock,
'25,855. Exports—Great Britain, 123;
continent. 2.74*; France, 150.
Port Townsend—Net receipts, 1,300;
g'oss, 1,300. Exports—Continent, 1,300.
Total To-day, at All Seaports—Net,
17.165; Great Britain, 122; France, 150;
■ oiitlnent, 7,348; stock. *28,939.
i'mmolideted, at All Aeoports—Net,
115,701); Great Britain, 68,125. France,
continent, *8,461
louu Since Sept. i, at All Seaport*— i
A. B. BAXTER & CO., INC.,
Successors to Murphy & Cos..
Board of Trade Building. Savannah.
Private leased wires direct to New
York, Chicago and New Orleans.
COTTON, STOCKS AND GRAIN.
New York office. No. 61 Broadway.
Offices ip principal cities throughout
the South. Write for our market man
ual and book containing Instruction
for traders.
Net, 6,543.030: Great Britain, 2,102.694;
France, 628.676: continent, 2,253,358.
* Not included in totals.
SEA ISLAND COTTON.
The closing was quiet, with quota
tions nominally unchanged. The de
mand was good for highs, but moder
ate for lows.
Prices about as follows:
Fancy Flpridas 21 @21%
Extra chdice Floridas 19
Choice Floridas n @ig
Fancy Georgias 19%@_
Extra choice Georgias 17
Choice 15
Extra fine Georgias 14
Fine 12 @l3
Common 10 @ll
Week Ending Feb. 20 —
Receipts, (gross) 850 459
Receipts (net) 818 459
Sales 1,650 910
Exports 3,214 2,32$
Stock 18,674 13,084
Receipts since Sepfe 1
(gross) / 68,301 45,168
Receipts since Sept. 1,
_(net) .......... 66,768 45,164
Charleston, Feb. 20.—Sea island cot
ton, weekly: Receipts 564; exports 428;
sales 358; stock 457.
COTTON FUtTTrES.
New York, Feb. 26.—The cotton
market opened firm at an advance of
from 7 to 12 points and following the
call ruled very active and strong un
der excited covering by shorts and
fresh purchases for tfce account of the
local bull clique. This buying carried
prices to a level of 10 to 25 points
above the closing prices of last night,
the first four months on the specu
lative list all crossing the 10 cents
mark.
At the highest level February and
March sold at 10.10; 10.06 bid for April
and May reached 10.09. This level
proved somewhat attractive as a ba
sis for profit-taking by the room con
tingent, who had bought on the lower
level, and there was considerable re
alizing, which carried prices back
from 2 to 6 points, and the close was
barely steady, at a net advance of 10
to 24 points.
The advance was partially the result
of the strong Liverpool cables before
the local opening, while the English
close was at an advance of 4% to 12
points. Spot cotton also was higher
abroad, advancing 8 points with sales
reported of 10,000 bales. The strength
at Liverpool was naturally attributed
very largely to manipulation from this
side, but the continued small move
ment was also a potent influence. Port
receipts for the day were but 17,455
bales, this being a trifle below early
estimates, against net receipts of last
year of 24,350 bales. The estimates for
to-morrow were also light, and while
this is attributed more to the condition
of the roads and unfavorable weather
than to approaching exhaustion, they
nevertheless exert some effect on sen
timent. There was some buying or
ders from European sources.
The spot markets were generally
firm, at unchanged prices to an ad
vance of 3-16 cents, while the New
York market was marked up 20 points
to 10.25 for middling. Total sales fu
tures estimated at 600,000 bales.
RANGE OF PRICES IN NEW YORK.
1 Open; High) Low jClose
February |6710] B, 9js]To764
March 9.89 j lO.lOf 9Js9| 10.08
April ;i 9.96| 9.92 10.06
May 9.92) 10.09 ! 9.89 10.04
June 9.71] 9.89] 9.71 9.56
July ..... 9.71, 9.90 9.71 9.85
August 9.43 9.57 9.42 9.53
September 1 8.88; 8.94 8.86 8.88
October j...... | 8.54| 8.60 8.52 8.58
November 1. j 8.51 8.46] 5.52
December ] | | 8.48
NEW ORLEANS COTTON FUTURES.
New Orleans, Feb. 26.—Futures
steady: February, 9.90 c bid; March,
9.90@9.91e; April. 9.93@9.95c; May, 9.97
@9.98c; June. 10.00@10.02c; July, 10.05
@10.06c: August. 9.66® 9.67 c; September,
8.96@8.97c; October, 8.54@8.56c.
LIVERPOOL COTTON MARKET.
Liverpool, Feb. 26.—Cotton: Spot, in
fair demand; prices 8 points higher:
American middling fair 5.94d; good
middling, 5.56d; middling, 5.38d; low
middling, 5.26d; good ordinary, 5.14d;
ordinary, 5.02d.
The sales of the day were 10,000
bales, of which 500 were for specula
tion and export and included 9,200
American. Receipts, 14,000 bales, in
cluding 11,800 American. Futures
opened firm and closed strong; Amer
ican middling, good ordinary clause:
February, 5.26@5.27d; February -
March, 5.25@5.26d; March-April, 5.25®
5.26d; April-May, 5.25@5.27d; May-
June. 5.27®5.28d; June-July, 5.27@5.28d;
July-August, 5.26@5.27d; August-Sep
tember, 5.15@5.16d; September-Octo
ber, 4.83d; October-November, 4.61d;
November-December, 4.55d.
H. A B. Beer's Cotton Letter.
New Orleans, Feb. 26.—New Liver
pool advices were much better than
looked for and our market in sympa
thy opened 6 to 11 higher, subsequently
improved 8 to 11 additional on the
firmness ot spots, the light movement
and the continuance of unfavorable
weather in the interior. Realizing near
the close caused a slight recession,
making the net gain 15 to 19 points on
the day.
Sentiment continues extremely favor
able to the article, and the higher the
market goes, the more optimistic does
that feeling become.- Present prices
certainly discount a great, deal In the
situation, still with the manipulation
going on all speculative markets values
may improve further. It is expected
that weekly statistics will be bullish
and that the movement from now on
will show a decided increase under
last year. Ultimately supply and de
mand will regulate the market, but for
the moment opinions are valueless.
Baxter A Co.'s Cotton Letter.
New York, Feb. 26.—There was
another spurt in the early cotton mar
ket'to-day and prices moved up 13
points. Liverpool was the direct cause of
the fresh advance, that market showing
S points advance for spots and 6 to 9
points advance for futures when the
local market opened. During the rise
of the past fortnight to an unexpected
FINANCIAL.
JOHN W. DICKEY,
Stock and Bond Brikir,
AUGUSTA. C 4.
Writs for Lint.
Stocks and Bonds
Bought and Bold.
O. C. NEWCOMB,
Bell Phace Vt'i. XU Ouy HI., East,
SAVANNAH MORNING NEWS: FRIDAY. FEBRUARY 27. 1903,
Savannah Bank
and Trust Go.
Capital, $350,000.
JOSEPH D. WEED, President.
JOHN C. ROWLAND. Vie* President
WM - f - McCALLEY, Cnahier.
L CLAY, Aaei.tnnt Cashier.
A general banking and exchange
hn.iueae transacted.
Savings Department. Interest
computed qonrterly.
Aeconnte ef merchants. banka
one corporations solicited.
American Express Company's let
ters of credit lasned available la ail
Karts of the world.
Collections carefallr made and
Promptly arconnted for.
Safety Deposit Boxes and Sternge
taalts for rent.
Correspondence Invited.
level bears were selling more or less
expecting a reaction heavy enough to
work to their advantage and while
many opportunities were afforded for
getting out without much, if any loss,
the set backs were not availed of and
the result is a short interest in some
instances as much as 100 points or
more. Many of these covered to-day.
The statistical situation keeps strong.
There was still more rain in the South
west and Gulf states. The receipts were
moderate and sellers were disposed to
let bulls have their own way since the
idea has gained ground that the mar
ket is destined to much higher figures.
The New York stocks keep dwindling
and a big corner in May is looker for,
that month being carried up to 10 cents
soon after the opening and the whole
list also showed a corresponding rise.
Port receipts 18,000 against 24,000 last
year. Cables closed strong at 14 points
net advance. The high prices asked at
Manchester checks business.
Hubbard Bros. Jt Co.'s Cnfton Letter.
New York. Feb. 26. —Continued bad
weather in the South is the main fac
tor in bringing about the advance of
to-day. When May reached 95 a de
termined effort on the part of the bull
party advanced it above 10 cents. At
this point buyers appeared carrying
the market to the highest point of the
vear.
The temper of the trade continues to
be very bullish on the belief that this
bad weather will bring about another
demand from spinners and outside
speculation. In Liverpool the Egyp
tian sellers of yesterday turned buy
ers finding the market ill supplied with
any selling orders and causing the
sharp advance before the opening.
Local jobbers in that market became
oversold yesterday adding to the
strength this morning. Realizing by
the bulls brought about the reaction
at the close which was rather unset
tled but not weak.
TnlmaKe’i Rice Market Letter.
Movement of the week has been in
terfered with by the widespread storm
and the intrusion (as regarded by
some) of the national holiday. Inquiry
for samples is steady and many orders
are accompanied with the injunction
“rush”—indicating light stocks in cer
tain districts.
Advices from the South note steady
movement on the Atlantic Coast. At
New Orleans the Mardi Gras festivi
ties have been in the public eye and
mind, nevertheless, movement for the
week has been quite free. In the in
terior, Southwest Louisiana and Texas,
a fair trade Is reported—although
holders are very strong in their views.
Offers, on same basis as salas made
during early part of thfe month have
been refused. The visible supply
ahead, not being over-abundant, and
with six months to early harvest,
those having sightly stock in posses
sion are disposed to exact the utter
most farthing before parting with it.
Cables and correspondence from
abroad note strong conditions all
along the line.
Talmage, New Orleans, telegraphs
Louisiana crop movement to date: Re
ceipts, rough, 1,207,930 sacks; last year,
1,200,406 sacks. Sales, cleaned (est),
1,041,106 pockets; last year, 916,708 pock
ets.
Talmage, Charleston, telegraphs Car
olina crop movement to date; Receipts,
44,935 barrels. Sales, 43,440 barrels.
Market steady.
DRY GOODS.
New York, Feb. 26.—The rrte in the
cotton market has influenced sellers in
the dry goods market in maintaining
their firni attitude on anything which
they can sell. On very many lines mills
are sold far ahead that they are re
fusing to accept further business until
they know more fully the prospects of
the raw material situation.
NAVAL STORES.
The market for naval stores contin
ued firm at prices unchanged from
those ruling for several days past.
Turpentine was quoted firm at 65c,
with sales of 35 casks. Rosins firm,
with sales of 2,550 barrels, at 1 p. m.,
and 1,052 additional at the closing call.
Below will be found details of the
market, including prices, receipts, sales,
exports and stocks.
Prices were as follows;
| (Tester-
SPIRITS- |To-day| day.
Regulars, firm | 65 | 65
Sales | 35 | 82
Rosins, firm—
WTW 4.25 4.25
W. G 3.85 3.85
N 3.60 3.60
M 3.40 3.40
K 3.20 3.20
I 2.85 2.85
H 2.40 2.40
G 2.10 2.10
F 2.00 2.00
E 2.00 2.00
D 2.00 2.00
A, B, C 2.00 2.00
Sales 1 3,602 | 1,53~8~~~
Naval Stores Statement —
1902. 1903.
Spirits. Rosin.
Stock April 1, 1902 5,175 144,644
Receipts to-day 120 2,470
Receipts previously ....289,154 896,398
Total to date ..: 294,449 1,043,482
Exports to-day 78 420
Exports previously 291,977 905,974
i . A
Total to date 292,055 906,394
Stock to-day 2,294 137,088
Last year 18,025 186,796
New York, Feb. 26.—Rosin firm,
strained, common to good, $2.30. Tur
pentine quiet. 65*®66%e.
Charleston, Feb. 26.—Turpentine
firm at 63c; sales, 40 casks.
Rosin firm;. A, B, C, D, E, F, 81.95; G,
$2.05; H, $2.35; I. $2.80; K, $3.15; M.
$3.35; N, $3.55; VV. G.. $3.80; W. W„
$4.20.
Wilmington, N. C.. Feb. 26.—Spirits
turpentine firm, 65c; receipts 12.
Rosin firm, $1.90: receipts 250.
Crude turpentine firm, $2.40 to SI.OO
receipts 50.
Tar firm, $1.60; receipts 606.
New Orleans, Feb. 26.—Exports, Costa
Rica, rosin 10 barrels.
FINANCIAL.
FOREION EXCHANGE Market
easy. commercial demand. ster
ling. s*.*6%; 60 days, $4.83*; 0
days, $4.8284; French, 5 19*, Swiss, 60
days, 5.22. Belgian. 6.20*; marks, 60
day*. 84 *-18; *0 days, 94 7-16.
DOMESTIC !-. Y. EXCHANGE—
ESTABLISHED 1672.
BENRT BEER. BERTRAND BEER,
EDGAR H. BRIGHT.
H. & bTbeer,
Cotton - Merchants,
NEW ORLEANS.
Members of New Orleans Cotton Ex
change, New York Cotton Exchange,
and Associate Members Liverpool Cot
ton Association.
Special attention given to the execu
tion of contracts for future delivery In
cotton.
WdEORGIA,
Schedule Effective Jan. 4, 1903.
Trains arrive and depart from Cen
tral Station, West Broad, foot of
Liberty street, except for Tybee.
oth Meridian Time—One hour slower
than city time.
Leave Arrive
Savannah: Savannah:
Augusta. Macon, At-]
lanta, Athens, Cov
ington, Miliedgeviile.
• 7 00am Americus, Albany * 610 pm
and Intermediate
_ points,
t 7 00am Statesboro, SM!lmore|t 6 10pm
and Brew ton. |
Augusta, Macon,
Atlanta, Athens,
Montgomery,
• I 00pm Columbus, Birming- • 7 00am
hain. Americus,
Albany, Eufaula,
andTroy.
I Dover
t 6 00pm and Statesboro t 7 48 am
Accommodation.
Dover. Statesly.ro,
• 4 10pm Stillmore and ]*lo 40am
Dublin.
I Guyton. I
t 2 00pm| Accommodation .ft6oo am
BETWEEN SAVANNAH “AND TY
BEE.
Trains arrive at and depart from
Tybee depot. Randolph street, foot of
President.
Standard (90th meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
•9:00 a. m., *2:30 p. m.
LEAVE TYBEE.
*9:45 a. m., *5:00 p. m.
’Daily. TExcept Sunday.
Connections made at terminal points
with all trains Northwest. West ar.d
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon. At
lanta, Columbus, Ga., and Birming
ham, Ala.
Parlor cars on day trains between
Savannah. Macon and Atlanta.
For complete Information, schedules,
rates and connections, apply to
W. G. BREWER. City Ticket and
Passenger Agent, 107 Bull street, or
W. R. McINTYRE, Depot Ticket
Agent.
J. C. HAILE, Gen, Pass. Agent.
F. J. ROBINSON, Asst. Gen’l Pass.
Agent.
THEO. D. KLINE, General Supt.
Savannah. Ga.
W. A. WINBTTRN, Vice President and
Traffic Manager.
Savannah and Statesboro R’y
Through Passenger Trains
Savannah to Statesboro
—via—
Seaboard and S. & S. R'y.
Effective Sunday, Nov. 23.
Leave Savannah daily 4:00 p. m.
Arrive Statesboro, 6:15 p. m.
Leave Statesboro, 7:00 a. m.
Arrive Savannah, 9:15 a. m.
Another train, connecting at Cuyler,
leaves Savannah 7:00 a. m., arrive
Statesboro, 10 a. m. Leave State&ooro
4 p. m„ arrive Savannah 8:30 p. m.
—Shortest and Quickest Route.—
Buy at 50c per SI,OOO discount.
Sell: Up to $25.00, 10c; $25 to SSO, 15c;
SSO to SIOO, 20c: SIOO to S2OO, 25c; S2OO
to S3OO, 30c; S3OO to S4OO, 35c; S4OO to
SSOO, 40c; SSOO to S6OO, 45c. Over S6OO
at the rate of 75c per SI,OOO premium.
SECURITIES—The market is fairly
active, with the offerings of the more
desirable stocks limited, and chiefly in
request.
Bid. Asked.
Augusta and Savananh... , k . 120 121
Atlanta and West Point..... .159
do 6 per cent, certlf 109 ilb
Citizens Bank 152
Chatham Bank 76 76%
Chat, and Gulf stocks
Chatham R. E. &I. Cos 53 53*
Eagle and Phenix Mfg. C 0... 95 100
Georgia Telephone and Tele
graph 87 90
Macon Ry. and L. pfd 82 85
do common 29 30
Germania Bank 150 152
•Georgia Railroad, common ..258 261
Propeller Towboat 100 110
G„ S &F. Ist pfd 99 100
do do 2nd preferred 78 81
Merchants National Bank. ..114% 115%
Oglethorpe Savings & Tru3t.ll4
The National Bank of 5av...160
Planters’ Rice Mill 95
People's Saving and Loan.. 100
Savannah Elec., preferred ..91 93
Savannah Elec., common.... 24 26
Southwestern 119% 120%
Savannah Gas Light Cos 25
Southern Bank 175
Savananh Bank and Trust...l33 135
Savannah Brewing 100
Savannah Trust Cos 107 110
Bonds,
Char., Col. and Aug. Ist 5s
1909 114 11*
Char., Col and Aug. 2d 75....120
Chat, and Gulf R. R. 5 per
cent. Ist mortgage 106 107%
Atlanta 4s. 1923 106 108
Augusta City 4s, 1931 106 107
do 4%5, 1925 112 114
do 6s. 1913 118 120
Ala. Mid. ss. ind'd. 1928, M.
and N , 112 113
Augusta Factory 6 per cent.,
1915 110 112
Brunswick & W. 4s. 1938 .. 99 100
C. R. R- and Banking collat
eral 5s 107 108
C. of Ga. Ist mortgage 6s.
1945, F. and A 120 121
C. of Ga. con. bs 1945, M.
and N 108 108%
C. of G. Ist Inc 79 ...
do second incomes 39 40
do 3d Incomes 26 26%
C. of G. M. G. and A. Div.)
5s 108 ...
Columbus, Ga., ss. 1909 107% 109
Columbus Power Cos. 5s 100 101
Charleston City 4s, 1909 99 100
Eagle and Phenix Mills, 6s,
1928 105 none
Enterprise Mfg. Cos. 6s, 1902.100 none
G. R. R. 6s, 1910 112 none
O. S. and F. lsts 114 115
Georgia and Ala. cons. 5a ill 111%
Georgia State 3U.s, 1930 109% 111
do 3%5, 1915, M. and N 107 108
do 4%*. 1915 U 6% 116
Macon City 6*. 1910. J. and J. 114 116
do 4%a, guar. gen no none
Macon Ry. and L. bonds 96% 96
Ocean Steamship ss, 1*20....106
Savannah city s*, ex-c. 106% 107
Savannan City Is, due 1909
with February coupons..lo7* 108
Havannah Electric Cos. 5*..., M 97
Seaboard 4s 84 84%
Seaboard 10-year 6s 102* ...
B. C. State 4%, 1933 113 116
{3 Southern
Railway.
Trains arrive and depart Savannah
by 90th meridian time—one hour slow
er than city time.
Schedule Effective Jan 14, 1903.
TO THE NORTH AN D~ HAST.
1 Daily|Daily| Dally
lex.Su.j
jNo. 32|N0.34| N0.30
Lv Sav'h (Cent. TANARUS.)., 4 30p112 55pi12 25a
Ar Blackville (E.T.) 8 03p 4 35p| 4 15a
Ar Columbia. 9 30p 6 15pj 6 00a
Ar Charlotte 12 33a 9 20pj 9 55a
Ar Greensboro 2 43a 11 54pi12 50p
Ar
A' Norfolk 9 55a 110 40p
ar Richmond | 6 55ai 6 25p
Ar Lynchburg 5 50*1 2 46a|Vl7p
Ar Charlottesville... 7 32a 4 35a! 6 lOp
Ar Washington .... 10 15a 7 40a] 9 50p
Ar Baltimore 11 25a 8 sailt 35p
Ar Philadelphia 1 36p 11 I2a| 2 56a
Ar New York 4 13p! 1 43p| 6 13a
Ar Boston | j s 20p| 2 OOp
TO THE NORTH AND WEST.
Lv Savannah (Central Time).. 12 25am
Ar Columbia (Kastern Time).. 6 00am
Ar Spartanburg 10 05am
Ar Asheville (Central Time)... 12 50pm
Ar Hot Springs 2 37pm
Ar Knoxville 6 00pm
Ar Lexington 5 55am
Ar Cincinnati 8 15am
Ar Louisville 6 30am
Ar. St. Louis 6 36pm
TO THE WEST VIA JSELP. J
I Dally Daily; Dally
lex.M. |
| N0.31!N0.29| N0.33
Lv Sav'h (0. Time). 10 15a 5 15a 3 lap
Ar Macon 350 p 1 30p 3 00a
Ar Atlanta 6 lOp 4 lOp 5 20a
Ar Birmingham 9 55p 11 45a
Ar Memphis 7 15a 8 05p
Ar Kansas City 7 00a 9 40a
Ar Chattanooga ....;1!> 46p| 9 50p 9 45a
Ar Memphis |J 8 20a ......
Ar Cincinnati 1 7 55a ~8 16a 7 20p
Ar Louisville 10 35a 10 35a 8 15p
Ar St. Louis \J 7 32a[ 7 32a
Trains arrive Savannah as follows:
No. 29, daily, from New York, Wash
ington, Richmond, and Cincinnati, 5:10
a. m.
No. 31, dally except Monday, from
New York and Washington, 10:10 a. m.
No. 33, daily, from New York and
Washington, 3:05 p. m.
No. 30, daily, from all points West,
via Jesup, 12:20 a. m.
No. S2, daily' except Sunday, from
all points West, via Jesup, 4:25 p. m.
No. 34, daily, from all points West,
via Jesup, 12:50 p. m.
All trains arrive and depart from
the Union Depot.
THROUGH CAR SERVICE, ETC.
Trains 31 and 32, the SOUTHERN'S
PALM LIMITED, Superb solid Pull
man train between St. Augustine and
New Y’ork, composed of Compartment,
Observation, Library and Drawing
room Sleeping Cars. Dining Curs serve'
all meals en route.
Train 31 connects at Jesup with the
famous CHICAGO AND FLORIDA
SPECIAL of the Southern Railway,
which carries through Pullman Draw
ing-room Sleeping Cars to Louisvtile,
Cincinnati, Chicago, Detroit, Cleveland
and Pittsburg.
Trains 33 and 34. NEW YORK
AND FLORIDA EXPRESS. Vesti
bule limited trains, with Pullman
Drawing-room Sleeping Cars between
Savannah and New York. Connect at
Washington with Colonial Express for
Boston. Pullman Sleeping Cars be
tween Charlotte and Richmond and
Charlotte and Norfolk. Dining Cars
serve all meals between Savannah and
New York.
Trains 33 and 34 connect at Jesup
with through Pullman Drawing-room
Sleeping Cars operated from and to
Kansas City via Birmingham, and
from and to Cincinnati via Chatta
nooga.
Trains 29 and 3(1, THE WASHING
TON AND FLORIDA LIMITED.
Vestlbuled limited trains, carrying
Pullman Drawing-room Sleeping Cars
between Savannah and New York.
Dining Cars serve all meals between
Savannah and Washington. Also
Pullman Drawing-room Sleeping Cars
between Savannah and Cincinnati,
through Asheville ar.d "The Land of
the Sky.”
For Information as to rates, sched
ules, ec., apply to
C. H. ACKERT, G. M., Washing
ton, D. C.
S. H. HARDWICK. G. P. A., Wash
ington, D. C.
W. H. TAYLOE, A. G. P. A.. Atlan
ta, Ga.
R. C. BLATTNER, Depot Ticket
Agent, Union Depot, Savannah. Ga.
E. G. THOMSON, C. P. A T. A.. Sa
vannah, Ga.. 141 Bull street. 'Phones
850.
Mgrciioiiis X Miners Tfunsporlolion Go
Steamship Lines
To Baltimore & Philadelphia
Tickets on Sale to All Points North
and West.
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships of this company are
appointed to sail from Savannah as
follows (Central Standard Time):
TO BALTIMORE.
•NEY ORLEANS. Capt. Peters, SAT
URDAY, Feb. 28. 5 p. m.
LEXINGTON, Capt. Kirwan, TUES
DAY, March 3, 8:30 a. m.
ITASCA, Capt. Hudgins, THURSDAY,
March 5, 9 a. m.
TO PHILADELPHIA.
BERKSHIRE. Capt. Ryan, SATUR
DAY, Feb. 28, 5 p. m.
D. H. MILLER, Capt. McDorman,
WEDNESDAY, March 4, 9 a. m.
ALLEGHANY, Capt. Chase, SATUR
DAY, March 7, 12 noon.
Ticket Office No. 112 Bull street.
J. W. SMITH, Agent.
J. A. DUFOUR, Trav. Agent.
Savannah, Ga .
IV. P. TURNER. G. P. A.
A. D. STEBBINS, G. M.
J. C. WHITNEY. 2d V. P. and T. M.
General Offices, Baltimore, Md.
Sibley Mfg. Cos. 6s, 1903 100 102
South Bound 5s ... 112 114
Macon Ry. and L. bonds 95 95%
MONEY HAKKET.
New York, Feb. 26.—Money on call
rather firm at 2*@3 per cent., closing
2%@3 per cent. Time modey firm; 60
and 90 days, 4%®4* per cent; six
months. 4%@5 per cent. Prime mer
cantile paper, 4*@5%; sterling ex
change easy with actual business in
bankers' bills at $4.87.40@4.87.50 for de
mand, and at $4.84.20®4.54.2f> for sixty
day bills; posted rates, $4.85@4.85%@
4.88%; commercial bills, $4.83%@4.54.
Bar silver, 48%c; Mexican dollars, 38c.
Government bonds steady; railroad
bonds irregular.
STOCKS AND BONDS.
New York, Feb. 26.—After a day of
Indifference and neglect to-day's stock
market closed with an active selling
movement in force and with the ma
jority of active stocks from 1 to 2
points below last night. The only
manifest new development to cause
this sudden weakness was the adjourn
ment of the St. Paul directors without
taking action on the issue of new
stock The late depression Is more
plausibly explained as due to a spec
ulative weariness with the persistent
hanging back of prices.
This sense of disappointment was In
evidence at (he opening, when It was
seen that rfie authorized reports of the
practical consolidation of Rock Island
Atlantic Coast Line Railroad Cos.
EFFECTIVE JAN. IS. 1903. 1
Trains Operated by 90th Meridian Time—One Hour Slower Than City Time.
♦Daily. tDaliy, ex. Sunday. JDally, ex. Monday.
. *3B. I *32. , *44. | *7B. | NORTH and SOUTH. | *23. j *35. j >37. j *45.
6 13p 1 lOp 5 35a 1 35aiLv .Savannah..'...”.. Arl S 00a 7 55a 10 45a 6 35p
9 15p 5 15pl0 15a 6 20a,Ar Charleston Lvjll 35p 5 50ai 8 45a 315 p
... 11 30p 1 40p Ar Wilmington Lv! 345 p j
6 40a 4 07a 7 45p Ar Richmond Lv 8 30a 6 56p 11 50p
10 33a 7 54a 11 40p Ar Washington Lvi 4 10a 316 p 8 lOp
11 42a 9 10a 1 23a|Ar Baltimore Lvi 2 37a 1 44p 6 55p
1 57p;1l 25a 4 05a]Ar Philadelphia.... Lvl2 10a 11 30a| 4 43p
4 4op; 2 OOp 7 lSajAr New York Lv] 9 25pj 8 55ai 2 10p
*57. *a. I 187. I *36. I *23. | SOUTH. i *SB. , *33. I *22 I TBT
6 15p 2 30p 10 50a| 8 05a 3 30a|Lv Sav'nnah Ar 7 9 35a) 1 05p r 5 08p 8 15pi i 15a
....... 6 05p 2 60p 7 00a[Ar .B'wick.. Lv! ] 7 20a 2 00pi 305 p
9 35p 5 OOp 1 05p 10 55a 6 30a] Ar Waycr'ss Lv 6 30a 10 25a 2 40p 5 10p;10 15p
* ®sa 2 45p 11 OOajAr T'm'sv’le Lv] 3 25a 7 00a 1 40pi 1 40p
- 5a 1 4 OOp 12 20pj Ar .B'n'b’ge Lv 1 50a 5 45a 12 20p,12 20p
I ‘ 30p, 2 50p 12 45p 9 00a]Ar JVk'ville Lv 8 35a 2 4Cp 8 05p
* 00a i 45p,Ar G’n’sville. Lv 12 37a 2 40p
1 00a 10 00p 10 00p 7 OOp Ar Tampa.. Lv 8 05p 9 50a
< 45a lO 30p|100p 7 30p|Ar P. T'mpa.Lv 7 25p] 3 15a
0 *? a 9 20p Ar P. Gorda Lv 4 10p) 7 25a
—3 o°Pl 4 OOP! 1 55p 10 00a Ar. St. A’ne Lv ill 40a 6 40p
—— -.. 6 7 I via Jesup 68 I 23 |57 |Vla M'tg'meryl 58 j 33
§ S'van'h. Ar 9 35a 3 3Ga| 6 15p Lv S'van'h Ar| 9 36ai 8 40p
i XX P i Ar -Jesup. Lv 7 502. 6 20p 8 Csa!Ar M'tg'ry Lv 7 45p 6 30a
*~ a | Ar -Macon. Lv 100a 3 20a 7 05p'Ar .N'vllle Lv 9 00a 2 2la
i7; a L Ar Atlanta Lv 10 46p 8 20p 2 30a Ar .L'ville. Lv 3 00a l2p
7in a li r f h , at ’*r IrV 6 06p 7 50p 7 20a Ar Cln'n'tl. Lv 1116 p 6 45p
V? * vlU “ Lv 7 <sa 7 50p 7 20a;Ar St. Louis Lv 8 55p 8 23p
' 7 nI P £* n ' n 'U- 8 80a I L. *N.
Lv 015 p 7J2a!Ar .St.Lo's. Lv 8 23p
6Saft Cn , Ca *’° Lv l 9 00p | M* O.
... ' kOfin/ '^ t ! a P ta ArllO 45p 9 15p * 15a Ar Chicago Lv 7 OOp 7 OOP
... ' JfKalA'r ** ephu L,vjß 15a 2 Boa 4 15p Ar .Mobile. Lv 12 30p 12 SOp
~ A K ~ L| ty Lvf 6 30p 7 25a 8 25pUr N.Orl’s. Lv * OOp I OOp
Throueh n i>MiaP and ot Charleston are operated by Eastern time.
Florida. * unman Sleeping Car Service to North, East anil West and td
Insular i*£ Port ' rt '"P a w,th u - s - mall steamship ot the Fen
dav and n Th ur C .r" ta i * U n > leaving Port Tampa Sundays, Toes-
TJ j, AII U I"( Illy fflvXA ’OO p
York.* 1 man D ' o,n ß Cars on trains 88 and 32 between Jacksonville and New
room, r cT* So,l<l Vestlbuled Trains, with Fullamn Drawing
York and St Vugustf 0910 91 Dlnlnff an<J Observation Cars between New
sonvlfie. 11 * * nd 22 carry Tullman Buffet Parlor Cars Savannah and Jack-
W.'j T, rn ™ c Manager, Wilmington. N. C. JBW? *
W] H lfaht iv l i? B “ A * w,t * K. C.
J. H D SHVT r Pass ' A * ent - Savannah. Ga.
R- C HLATTwi n , Tra r Y, I>aa * Agent, De finto Hotel. 'Pbnnes 78.
I. C. SAPP ln,on . T l ck i t AePnt - Bell phone 235. Georgia 911. ’
A1 Ticket Agent. De Soto Hotel. Phones 73
SEABOARD
AIR LIINE RAILWAY.
U , V( ' n"!.'!/ 1 '- 11 ' '9o3—9oth Meridian Time—One hour slower than
CMumbla ° m *" BOhUg £oUth of Columbia; Eastern Time
; s -"™ tz
i" in. STS " No. 34 N0.50 No. 66
I 20a 4 46p 1 29p[Lv HESS £! 4 Wf* M 8 30a
9 34a 7 10n 5 £Lv Philadelphia Ar 1 36p 12 54p 2 66a
10 46a 8 50n 7 DOn T v .Balt more Ar il 25a 10 62a 11 25p
S JS
II bop 10 52a ' V Sta Ar !” “ I |Xam and"® 10 ” A ' ‘’ V ik'' *a 5? P
12 15a 11 00a 6 29a Lv . rornmhi‘.7 14p 7 40p 8 2,a
763a IZ &IZ JSKft
I SSSS
K r * SS!
IQJOa 9 35pl 2 30p Ar —NT.*'AHU .'STINK' .....' ‘* ‘ fefcfc ?
N0.73|N0.71!N0.87! WEST IXa.BBI N0.72 N0".74 ,N0.71T WEST &VWNo 7"
alSsHPmwsft
-s 8 n sp Ar rord * , ‘ Lv ..... 2 05p S SRpJ ■ ** T *' I v lm>p
7 , . p Ar Albany Lv 12 05p 7 OOp N0.27{ South &■ WestjNo.66
,1 „ 7a l }l p Ar Am'cus Lv 12 35p 4 50p 6 00a|Lv SAV'H Ar 12 03a
9 00? T o, .’ bU Q , Lv 18 153 2 p 315 pAr Talla'e Lv 1 53p
? P ■! 5 50 | ] 5 05p Ar Ri. Jet. Lv 12 2 tp
'j 7 _ pl |Ar MONGT Lv[. | 8 00 t f 10 50p|Ai WWI* Lv 7 Oira
No. 31 and 34—SEABOARD FLORIDA LIMITED and SEABOARD NEW
YORK LIMITED The two fastest and most luxurious trains in the South.
Solid Pullman vestlbuled sleeping, observation and compartment cars be
tween New York and St. Augustine, with Dining Car.
No. 57 and 60 SEABOARD EXPRESS, solid vestlbuled train between
Jacksonville and Washington, with through Pullman Sleeping Car to and
from Tampa, Cafe Dining Car between Jacksonville and Hamlet, close con
nection at Washington, with solid Pullman Parlor Car, Pennsylvania New
York Limited Express.
No. 27 and 66—SEABOARD MAIL, through vestlbuled trains between
Jacksonville and Washington, with Pullman Buffet Sleeping Car to and
from New York.
No. 71 and 72—WESTERN EXPRESS, close connections at Montgomery
for Mobile. New Qrleans and Southwestern points. Double dally service
except between Savannah and Statesboro, Stillmore, Swainsboro
and Wadley. This train carries through car between Savannah and Ma
con, close connection for Northern and Northwestern points
Full Information at City Ticket Office, No. 7 Bull st Telephone No
R. C. BLATTNER, Union Depot Ticket Agent. '
W. P. SCRUGGS, C. B. WALWORTH
Trav. Pass. Agent, Savannah, Ga. A. G. P. A., skvannah, Ga.
OCEAN STEAMSHIP CO. Of SAVANNAH
For New York, Boston and the East.
Unsurpassed cabin accommodations. All the comforts of a modem hotel
Electric lights. Unexcelled table. Tickets include meals and berths aboard ship.
PASSENGER FARES FROM SAVANNAH.
TO NEW YORK —First Cabin, S2O; First Cabin, round trip, $32; Intermedi
ate Cabin, sls; Intermediate Cabin, round trip, $24; Steerage. $lO.
TO BOSTON—First Cabin, $22; First Cabin, round trip, $36; intermediate
Cabin, sl7; Intermediate Cabin, round trip, S2B; Steerage. $11.75.
The Steamships of this line are appointed to sail from Savannah. Central
(90th meridian) time:
FOR NEW YORK:
CITY OF SAVANNAH. Capt. Fisher, KANSAS CITY, Capt. Smith, MON
MONDAY. March 2, 6:30 a. m. DAY. March 9, 1:30 p. m.
CITY OF BIRMINGHAM. Capt. Burg, CITY OF MEMPHIS. Capt. Savage,
TUESDAY, March 3, 7 a. m. WEDNESDAY, March 11, 3:30 p. m.
NACOOCHEE, Capt. Asking, WED- CITY OF SAVANNAH, Capt. Fisher,
NESDAY, March 4, 8 a. m. FRIDAY, March 13, 5 p. m.
CITY OF AUGUSTA. Capt. Daggett, CITY OF BIRMINGHAM, Capt. Burg.
FRIDAY, March 6. 10 a. m. SATURDAY, May 14, 5:30 a. m.
•Steamship City of Memphis carries first cabin passengers only.
tClty of Savannah will not carry Intermediate passengers.
Sailings from New York for Savannah at 3 p. m., on Feb. 26, 28; March
3,5, 7, 9. 10. 12. 14, 17. 19, 20, 21, 24, 26, 28, 81.
The Chattahoochee, Capt. Lewis, leaves New York for Boston Saturdays
at 4 p. m. Leaves Boston for New York Wednesdays at 3p. m.
The Chattahoochee does not carry passengers.
This company reserves the right to change Its sailings without notice and
without liability or accountability therefor.
L. M. ERSKINE, L. R.VAN DIVIERE, W, G. BREWER,
Agt O. S. S. Cos., wharves. Com. Agt. 17 East Bay. C. T. &P. A.. 107 Bull,
UVAB SAH. GA.
WALTER HAWKINS. General Agent. 224 West Bay St., Jacksonville. Fla.
W. H. PLEASANTS, E. T. CHARLTON^
Vice President A Gen’l. Mgr. Gen. Freight & Pass. Agt.
Pier 35 North R Iver. New York.
and St. Louis and San Francisco were
without stimulating effect on specula
tion. St. Louis and San Francisco in
fact relapfeed sharply to 2% below last
night on comparatively light offerings,
and Rock Island, after a mere frac
tional advance, became heavy and
ruled below last night for the rest of
the day. This reception accorded to
the most far-reaching project of rail
road consolidation since the Louisville
deal seemed to be accepted as a con
clusive demonstration that nothing
was to be hoped for In the way of ac
tive speculation for the present.
The relief from the pressure of sell
ing in Metropolitan Street Railway
alleviated for a time the depressing af
fect on this conviction.
There was a demonstration also In
Wabash preferred, which carried that
stock up a point In face of rumors of
the Issue of an order for a strike and
of the unfavorable showing of Jan
uary net earnings. Some of the Iron
and copper stocks made some show of
Wanted, Wanted.
Hides, Wax,
Wool, Furs,
Country Produce .
Highest market prices paid always.
A. EHRLICH & BRO.,
Wholesale Grocers and Liquor Dealers,
111, IX3, 115 BAY STREET.
resistance to the prevailing depression
owing to favorable trade reports, hut
the whole market gits way at tfca last
on Eighth Page.)
9